Chinese Lunar New Year

Chinese Lunar New Year!

Chinese Lunar New Year has ended and people got back to work. The stock market has opened again, many ask the same and the very same question all over again? Will Chinese economy falter ?According to Chinese Lunar New Year, it is the year of the monkey. Certainly when it comes to the international business investment, there will be no monkey business on Chinese behalf. The recent Chinese capital investments into Hollywood speaks for itself. After the Federal Bank of America has increased its interest rates, the US dollars from abroad have kept pouring in the States economy. This could potentially mean less investments being made in the growing economies of India and Brazil.

Many political commentators are arguing that Americans are getting back at Russians. Russian reserves are getting strapped of US dollars are the crude oil barrel prices have hit the low of US 20 per barrel. This is a staggering 80% decrease in the oil price. Russians, on the other side are striking back. They are backing Iranians against American ally Saudi Arabia.

Chines Lunar New Year trade prospects with Russia have also been diminished as the trading figures speak of decrease in volumes. Potentially Russia backing North Korea nuclear program may create instability on purpose. This could mean only one: potential imbalance of power in the corners of South East Asia. While the rest of the world is occupied with the Middle East, Chinese are investing into Africa’s infrastructure industry. Some countries like Zimbabwe have even adopted Chinese currency as their own. Does this mean that Chinese are getting to take over Africa which is heavily indebted in the US dollars? This could be a good news for Africans but as with everything in life, time will be the greatest indicator of the scale of changes that are currently taking place on the international world current affairs scene.

Srđ Portolan is international property developer and the owner of the travel & maritime agency.

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